Pepsi Did Not Donate $100M to Black Lives Matter

In June 2020, PepsiCo, the corporation that produces the popular soft drink Pepsi, along with many other soda and snack products, announced along with a large number of other corporations that in light of the public outcry over the Black Lives Matter movement, they would be donating more than $400 million to “lift up black communities and increase Black representation at PepsiCo.” This large donation has created circulating claims on social media, including on Twitter, that PepsiCo directly donated that sum to the Black Lives Matter movement specifically.